Asked by
Merna Hirmiz
on Nov 18, 2024
Verified
About 90% of the businesses in the United States are organized as corporations.
Corporations
Legal entities that are separate from their owners, with rights and liabilities distinct from those of its shareholders, and can enter contracts, own assets, and pay taxes.
- Distinguish the characteristics of various forms of business organization.
Verified Answer
FS
Learning Objectives
- Distinguish the characteristics of various forms of business organization.
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